vs
华利安（HLI）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
华利安的季度营收约是Reddit, Inc.的1.1倍（$717.1M vs $663.0M），Reddit, Inc.净利率更高（30.8% vs 16.3%，领先14.5%），Reddit, Inc.同比增速更快（69.0% vs 13.0%），Reddit, Inc.自由现金流更多（$311.0M vs $217.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 17.4%）
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
HLI vs RDDT — 直观对比
营收规模更大
HLI
是对方的1.1倍
$663.0M
营收增速更快
RDDT
高出56.0%
13.0%
净利率更高
RDDT
高出14.5%
16.3%
自由现金流更多
RDDT
多$94.0M
$217.0M
两年增速更快
RDDT
近两年复合增速
17.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $663.0M |
| 净利润 | $116.5M | $204.0M |
| 毛利率 | 32.2% | 100.0% |
| 营业利润率 | 22.4% | 0.0% |
| 净利率 | 16.3% | 30.8% |
| 营收同比 | 13.0% | 69.0% |
| 净利润同比 | 22.3% | 680.0% |
| 每股收益（稀释后） | $1.70 | $1.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HLIRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $717.1M | $725.6M | ||
| Q3 25 | $659.5M | $584.9M | ||
| Q2 25 | $605.3M | $499.6M | ||
| Q1 25 | $666.4M | $392.4M | ||
| Q4 24 | $634.4M | $427.7M | ||
| Q3 24 | $575.0M | $348.4M | ||
| Q2 24 | $513.6M | $281.2M |
净利润HLIRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $116.5M | $251.6M | ||
| Q3 25 | $111.8M | $162.7M | ||
| Q2 25 | $97.5M | $89.3M | ||
| Q1 25 | $121.9M | $26.2M | ||
| Q4 24 | $95.3M | $71.0M | ||
| Q3 24 | $93.5M | $29.9M | ||
| Q2 24 | $88.9M | $-10.1M |
毛利率HLIRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 32.2% | 91.9% | ||
| Q3 25 | 33.8% | 91.0% | ||
| Q2 25 | 31.0% | 90.8% | ||
| Q1 25 | 33.9% | 90.5% | ||
| Q4 24 | 31.4% | 92.6% | ||
| Q3 24 | 33.0% | 90.1% | ||
| Q2 24 | 30.6% | 89.5% |
营业利润率HLIRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 22.4% | 31.9% | ||
| Q3 25 | 22.9% | 23.7% | ||
| Q2 25 | 14.8% | 13.6% | ||
| Q1 25 | 20.9% | 1.0% | ||
| Q4 24 | 21.5% | 12.4% | ||
| Q3 24 | 22.7% | 2.0% | ||
| Q2 24 | 18.6% | -11.0% |
净利率HLIRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 16.3% | 34.7% | ||
| Q3 25 | 17.0% | 27.8% | ||
| Q2 25 | 16.1% | 17.9% | ||
| Q1 25 | 18.3% | 6.7% | ||
| Q4 24 | 15.0% | 16.6% | ||
| Q3 24 | 16.3% | 8.6% | ||
| Q2 24 | 17.3% | -3.6% |
每股收益（稀释后）HLIRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $1.70 | $1.24 | ||
| Q3 25 | $1.63 | $0.80 | ||
| Q2 25 | $1.42 | $0.45 | ||
| Q1 25 | $1.76 | $0.13 | ||
| Q4 24 | $1.39 | $4.76 | ||
| Q3 24 | $1.37 | $0.16 | ||
| Q2 24 | $1.30 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $3.2B |
| 总资产 | $3.9B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HLIRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $953.6M | ||
| Q3 25 | $923.6M | $911.7M | ||
| Q2 25 | $793.8M | $734.1M | ||
| Q1 25 | $971.0M | $635.7M | ||
| Q4 24 | $799.3M | $562.1M | ||
| Q3 24 | $691.4M | $515.9M | ||
| Q2 24 | $449.7M | $468.0M |
股东权益HLIRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.2B | $2.2B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.8B | $1.9B |
总资产HLIRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $3.8B | $2.9B | ||
| Q2 25 | $3.5B | $2.6B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $217.7M | — |
| 自由现金流经营现金流 - 资本支出 | $217.0M | $311.0M |
| 自由现金流率自由现金流/营收 | 30.3% | 46.9% |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $738.9M | $868.6M |
8季度趋势，按日历期对齐
经营现金流HLIRDDT
| Q1 26 | — | — | ||
| Q4 25 | $217.7M | $266.8M | ||
| Q3 25 | $325.0M | $185.2M | ||
| Q2 25 | $-131.6M | $111.3M | ||
| Q1 25 | $358.4M | $127.6M | ||
| Q4 24 | $265.5M | $90.0M | ||
| Q3 24 | $289.2M | $71.6M | ||
| Q2 24 | $-64.5M | $28.4M |
自由现金流HLIRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $217.0M | $263.6M | ||
| Q3 25 | $322.8M | $183.1M | ||
| Q2 25 | $-144.8M | $110.8M | ||
| Q1 25 | $343.9M | $126.6M | ||
| Q4 24 | $261.7M | $89.2M | ||
| Q3 24 | $278.7M | $70.3M | ||
| Q2 24 | $-75.4M | $27.2M |
自由现金流率HLIRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 30.3% | 36.3% | ||
| Q3 25 | 49.0% | 31.3% | ||
| Q2 25 | -23.9% | 22.2% | ||
| Q1 25 | 51.6% | 32.3% | ||
| Q4 24 | 41.2% | 20.8% | ||
| Q3 24 | 48.5% | 20.2% | ||
| Q2 24 | -14.7% | 9.7% |
资本支出强度HLIRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 2.2% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 1.8% | 0.4% | ||
| Q2 24 | 2.1% | 0.4% |
现金转化率HLIRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | 1.06× | ||
| Q3 25 | 2.91× | 1.14× | ||
| Q2 25 | -1.35× | 1.25× | ||
| Q1 25 | 2.94× | 4.88× | ||
| Q4 24 | 2.79× | 1.27× | ||
| Q3 24 | 3.09× | 2.40× | ||
| Q2 24 | -0.73× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
RDDT
暂无分部数据
